Dynastic Planning

Preamble

For many, the concept of a family business is an enigma. For others, it is nothing but a statistic, a phenomenon destined for failure by the third generation.

This may be attributed to the following:

1. 1. Within family businesses, like all aspects of family life, things tend to be conducted behind closed doors. Like an iceberg, only the tiny tip is exposed and open to scrutiny. What you see is often a “home-baked” report devoid of the expertise required of otherwise managed companies or firms.
2. 2. Only a handful of professionals have actually worked directly with families in business, as entry into the inner circle is by invitation only. Very few have been extended such a privilege, as outside intrusion is deemed to be unnecessary and ...